41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 15
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
OTHER INFORMATION
HIGH VISIBILITY
OVER RETURNS
SUBSTANTIAL
GROWTH
OPPORTUNITIES
LEADERSHIP IN
SUSTAINABILITY
Targeting attractive total
returns of 8.5–10% p.a.
Market share gains
from HMO sector
Net zero carbon
Achieved through recurring
earnings, rental growth and
development profits.
Almost one million students live
in houses of multiple occupancy,
providing a significant opportunity.
Growing dividends
Development of 1,500–2,000
beds per annum
As a REIT, we target sustainable
growth in dividends for our
investors. We distribute 80% of
our recurring earnings each year
as dividends.
Investment focused on the strongest
8–10 markets in the UK, with
increasing opportunities in London
and major regional cities.
Sustainable rental growth
New University partnerships
Underlying rental growth driven by
student demand and contracted
increases under our multi-year
University nomination agreements,
supported by ongoing investment
into our estate.
Opportunities for new developments
on and off-campus as well as
partnerships for the transfer
of Universities’ existing
accommodation stock.
Accretive development
activity
Proven ability to drive earnings and
development profits through our
in-house development team. 5,000
bed secured pipeline focused on
the strongest student markets.
Becoming a net zero carbon
business for both our operations
and developments by 2030, based
on SBTi-validated targets.
Energy-efficient homes
80% of our portfolio already
achieves an EPC rating of A–C with
asset-level plans to reach 100%.
1% of profits commitment
We have committed to donating 1%
of annual profits to social initiatives
aligned to our purpose of providing
a Home for Success for students
and widening participation in
Higher Education.
Unite Foundation
Emerging young
professional market
Significant potential from expanding
our platform to cater for the growing
number of professional renters living
in major student cities.
Through our financial commitment,
the charity we founded provides
scholarships for estranged and
care-experienced students
throughout the course of
their studies by addressing
housing fragility.
Total accounting
returns over the
past 10 years
Full-time students living
in University-owned
accommodation or HMOs
Target reduction in
Scope 1 and 2 carbon
emissions by 2030
13.2% p.a.
1.8 million
56%
See pages 70–73 for more information
See pages 20–26 for more information
See pages 34–55 for more information
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